JoS. A. Bank Clothiers, Inc. announces the opening of its 600th store. The 600th store opened Friday, November 30, 2012, in the Shops at Midtown Miami on North Miami Avenue in Miami, Florida.
JoS. A. Bank has opened more than 190 stores in the past five years. It expects to open another 200 stores in the future as part of its long-term plan to grow the chain to approximately 800 stores, including 700 full-line stores and 100 factory stores in the United States, depending on, among other factors, the performance of the Company and the availability of suitable real estate over the next several years.
So far in fiscal year 2012, JoS. A. Bank has opened 45 stores (35 full-line and 10 factory) and expects to open up to 47 stores for the entire year.
"We are pleased with the success of our new stores, which continue to capture new customers at a high rate," stated R. Neal Black, CEO of JoS. A. Bank. "Our new stores provide convenient shopping locations for new and existing customers, while delivering high quality products at a great value.
Achieving the 600 store level represents a significant milestone for the Company. Over the past 5 years, we have opened more than 190 new stores and created more than 3,000 jobs in the United States. Our balance sheet continues to be strong and it positions us to be able to focus on the long-term growth prospects of the Company," continued Mr. Black.
In addition to the 600th store in Miami, Florida, the Company opened its 601st store on Friday, November 30, 2012 in the Great Lakes Crossing factory outlet center in Auburn Hills, Michigan.
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading designers, manufacturers and retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories.